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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 January 2014 I HAVE PURCHASED A LAND OF 4 COTTAH ON 01/08/2010 FOR RS.1000000. I SOLD 1 COTTAH FROM THAT LAND FOR RS.200000. CAN I CHARGEABLE TO CAPITAL GAIN TAX?
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CA Kapil Verma

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CA Kapil Verma (Expert)
23 January 2014 Total cost was 10lacs for 4 unit so rs. 2.5 lace for one.


So there is long terms loss of rs. 50000
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 January 2014 Kapil you didnt consider the indexed cost...loss will be higher
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